Texas HB89 restricts political subdivisions from proposing bond issuances rejected by voters in the past two years.

Texas HB89 amends Chapter 1253 of the Government Code to prohibit political subdivisions from submitting propositions for general obligation bonds to voters if an identical or similar proposition was rejected within the preceding two years. This restriction aims to prevent repeated proposals for rejected bond issuances, ensuring more efficient use of voter resources and potentially reducing financial strain on local governments. The changes take effect 91 days after the legislative session concludes.

Texas HB89 restricts political subdivisions from proposing bond issuances rejected by voters in the past two years.

Texas HB89 amends Chapter 1253 of the Government Code to prohibit political subdivisions from submitting propositions for general obligation bonds to voters if an identical or similar proposition was rejected within the preceding two years. This restriction aims to prevent repeated proposals for rejected bond issuances, ensuring more efficient use of voter resources and potentially reducing financial strain on local governments. The changes take effect 91 days after the legislative session concludes.